Agnico Eagle Mines (AEM) Corporate presentation summary

Strategic positioning and operational excellence

• Operates in premier mining jurisdictions across Canada, Finland, Australia, and Mexico, focusing on high-quality, low-risk gold production with a strategic regional approach and strong financial returns.

• Demonstrated a 14-fold increase in gold production and significant cost control over 20 years, with a 12.9% CAGR in share price outperforming gold equity indices and the S&P 500.

• Maintains a disciplined capital allocation strategy, targeting 40% of annual free cash flow returned to shareholders and a robust net cash position of ~$2.9B.

Financial and operational highlights

• Achieved record financial results in Q1 2026, with adjusted EBITDA of $3.0B and adjusted net income of $1.7B, driven by strong operational performance at key sites.

• Q1 2026 gold production reached 825 koz, with full-year guidance of 3.3–3.5 Moz at total cash costs of $1,020–$1,120/oz and AISC of $1,400–$1,550/oz.

• Returned ~$375M to shareholders in Q1 2026 through dividends and share buybacks, with cumulative returns since 1983 totaling $6.0B.

• Fitch upgraded long-term issuer default rating to A- in April 2026.

Growth projects and exploration pipeline

• Advancing five key value driver projects: Detour Lake, Canadian Malartic, Upper Beaver, Hope Bay, and San Nicolás, targeting 20–30% gold production growth over the next decade.

• Detour Lake and Canadian Malartic each have pathways to become 1 Moz annual producers; Upper Beaver and Hope Bay are expected to add significant new production by 2030–2031.

• Ongoing exploration success at Hope Bay (Patch 7) and Detour Lake, with significant increases in mineral resources and reserves.

• Consolidation of Finland’s Central Lapland Greenstone Belt enhances exploration potential and regional platform.